Total (operator, 37.5%) has taken the final investment decision to develop the offshore Vega Pleyade gas and condensate field.
Vega Pleyade will produce through three horizontal wells. Together with production from the other Total-operated fields in the area, it will allow optimization of supply to the existing treatment plants and continuation of the plateau production of 18 million cubic meters per day (130,000 barrels of oil equivalent per day).
'At a time when energy demand is growing in Argentina, this latest development confirms Total's commitment to helping to secure long-term gas supply for the country," stated Ladislas Paszkiewicz, Senior Vice President, Americas at Total Exploration & Production. 'Bringing the Vega Pleyade field on stream will also help Total to achieve its production growth target for 2017.'